Verona Island, Maine is a small town located on an island off of the coast of Maine. It has a population of just over 1,000 people and is well known for its scenic beauty. The cost of living in Verona Island is lower than many other areas with 2 bedroom rents at $1,040 and grocery costs index at 107 versus 100 in the US. It is a great place for those looking to find affordable housing and amenities without sacrificing quality or convenience.
The major industries in Verona Island are fishing, tourism, and retail. There are several local companies that provide services in these areas such as the Verona Island Fish Co., which supplies fresh seafood to restaurants around the state. Other businesses include Maine Fudge Company which sells handmade fudge treats, and Verona Island Outfitters which offers kayak tours of the local waters and nature hikes through some of the islands most beautiful landscapes. All of these businesses provide jobs to those who live in Verona Island as well as visitors who come from all over to experience all that it has to offer.
Verona Island has an unemployment rate of 3.9%. The US average is 6.0%.
Verona Island has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Verona Island
- The Sales Tax Rate for Verona Island is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Verona Island is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Verona Island
- The average income of a Verona Island resident is $24,949 a year. The US average is $28,555 a year.
- The Median household income of a Verona Island resident is $52,569 a year. The US average is $69,021 a year.